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NASDAQ · FINANCE SERVICES · SMALL CAP

Solana Co. HSDT

13 fiscal years on record · USD · FY2025 reported · SEC filings only
$6.0M
▲ 1057.1% YoY
$-40.9M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Solana Company’s DAT objective is to maximize SOL per share through strategic use of capital markets and onchain opportunities, offering public market investors direct exposure to Solana. We are, to a lesser extent, also a neurotechnology company focused on neurological wellness. In September 2025, we adopted a digital asset treasury strategy centered on acquiring SOL and began repositioning a substantial portion of our balance sheet around that strategy. We currently hold all of our SOL with two custodians. We have a collaboration with Anchorage Digital and Kamino to enable borrowing against natively staked SOL held in qualified custody for deployment into onchain protocols on Solana.

Written from the business description in Solana Company's annual report to the U.S. Securities and Exchange Commission, filed 31 March 2026. Every sentence was checked against that document before publication.

Growth

USD 6.0M
Revenue, FY2025 · full 13-year series below
Revenue $M Net income $M
FY2025 · Revenue 6.0 · Net income -40.9
2.5M5.0M-15.0M-30.0M
20122015201920222025
Compound annual growth
+97.0%
+55.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +55.5% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−680 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -4052.5% · Net -679.6%
-2000%-4000%
201220192025
ROE
FY2025 · ROE -27.1%
-200%-400%-600%
201220192025
Three returns, three denominators.

Each USD of equity lost 27 cents this year.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF -11.0
-10M-20M
201220192025

Total assetsUSD 303.9M
EquityUSD 300.9M
CashUSD 7.3M
Current ratio10.33×

Equity funds 99% of total assets.

The 13-year record

13 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
HSDT, 13-year financial record
Metric 2025202420232022202120202019201820172015201420132012
Revenue $B0.00.00.00.00.00.00.00.0◌◌◌◌◌
Operating income $B−0.2−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
EBITDA $B◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0◌◌◌◌
Income tax $B0.00.00.00.00.00.00.0◌◌◌◌◌◌
Net income $B−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B◌−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0◌◌◌◌
EPS, diluted $−1.85−3282.26−14.56−52.13−7.38−11.80−12.99−1.26−1.50−0.12−0.17−0.03−0.27
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————
ROE %−27.1−688.9−168.6−145.0−239.7−291.2−124.7——————
Shares out B0.040.000.000.030.000.000.030.030.020.070.060.03◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 57 reconciliationsAUDITED

Reconciled in 13 of the 13 fiscal years we could check. 12 checks were skipped: the balance sheet is not tagged before 2013. 12 checks were skipped: cost of revenue is not tagged before 2019. Five checks were skipped: EPS is not tagged before 2012.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityFinance Services
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2012

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